Asian markets close mixed as trade deal cheer fades
POSITIVE economic data from the US and China struggled to keep sentiment afloat on Friday as trade deal exuberance largely wore off, with Asian equities closing the day mixed.
Markets that ended higher included Hong Kong, Japan and Australia. South Korea's KOSPI and China's Shanghai Composite Index ended flat; while the Shenzhen Composite Index slipped 0.3 per cent.
Singapore's Straits Times Index (STI) was among the indices that failed to build on the previous session's gains. It closed flat at 3,281.03 having gained just 3.03 points or 0.09 per cent. Over the course of the week, it advanced 0.8 per cent from last Friday's close of 3,255.95.
TRENDING NOW
High Court rejects bid to bring ST Engineering unit into trademark infringement suit over RSAF aircraft parts
Ex-Sakae director Ong Siew Kwee handed 10.5-year jail term for misappropriating S$15.8 million, lying in court
DBS sees choppy Q3 for STI as investors pivot from Singapore banks to listcos that are unlocking value
Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks